Cpd S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2020
September 29, 2020 at 08:54 am EDT
Share
CPD S.A. Announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was PLN 4.701 million compared to PLN 5.093 million a year ago. Operating income was PLN 6.928 million compared to PLN 30.640 million a year ago. Net loss was PLN 7.551 million compared to net income of PLN 34.381 million a year ago. Basic loss per share was PLN 0.34 compared to basic earnings per share of PLN 1.49 a year ago. For the half year, sales was PLN 9.604 million compared to PLN 9.968 million a year ago. Operating income was PLN 10.783 million compared to PLN 36.241 million a year ago. Net loss was PLN 11.936 million compared to net income of PLN 38.234 million a year ago. Basic loss per share was PLN 0.53 compared to basic earnings per share of PLN 1.56 a year ago.
CPD SA, formerly Celtic Property Developments SA, is a Poland-based company that is active in the real estate sector. The Company with its subsidiaries concentrates on on development projects in the market segment of offices and apartments. Its activities include the purchase of lands, on which It constructs apartments or offices, the purchase of existing real properties with a potential for creation of additional value by change of their intended usage, improving of their standard or optimization of their area. The Company has offices in Warsaw, London, Milan and Budapest. It also possesses commercial and residential properties in Montenegro and Hungary. It operates through a number of subsidiaries and sub-subsidiaries, which are based in Sweden, Cyprus, the United Kingdom, Hungary, Italy and Poland.
CPD S.A. 
